Could Stablecoins Trigger the Next Financial Crisis?

And why Europe needs a vibrant euro stablecoin ecosystem to prevent contagion

In 1994, a group of young JPMorgan bankers at a Florida pool party invented credit default swaps while throwing their bosses into the water. They thought they were building the future of finance—and they were right. One later wrote: “What kind of monster has been created here? It’s like you raised a cute kid who then grew up and committed a horrible cri…